What is time frame in which a bank must credit the consumer's account for fraudulent wire transfers? The transfers were allegedly processed via the consumer's hacked email. The bank did not verify with the consumer prior to releasing the wires.
Are requirements of UCC4A the same in every state?
What is a “statute of repose?
Under Article 4A, which bank is the receiving bank?
Does UCC4A regulate consumer ACH transactions?
Are UCC4A’s rules affected by any other rules?
If we receive an ACH credit to a business account at our bank and we are not aware that the account number in the transaction record isn’t owned by the named receiver, will we be liable if we credit the funds to the account number identified in the order?
Are banks able to accept checks for deposit or cashing that have no payee written on the payee line? What is the risk behind accepting these checks?
Are there any risks for a financial institution if we accept a check from a client for deposit to their savings account and the check is payable to our
financial institution, instead of making it payable to the account holder?
Our customer deposited a check without endorsing it. We accepted it and sent it through the check processing system. The drawer of the check has called and said he wants his money back from us because the check wasn’t endorsed. Now what?